Meyer Turku 2016 operating profit rose to €25 million

Meyer Turku, the German owned Finnish cruise ship builder, has reported an increase in operating profit to €25 million last year from €15 million in 2015.

Revenues rose by a third, to €792 million from €594 million. Operating margin widened to 3.2% last year from 2.5% in 2015, the figures show.

“We are progressing solidly on a path of growth and the positive result enables us to invest more in the shipyard and to expand our shipbuilding team further through new recruitment,” said Jan Meyer, CEO, in a statement.